土地周报 | 供求规模低位下探，溢价率下半年新低（10.6-10.12）

Core Viewpoint - The land supply and demand scale has decreased significantly, with land auction activity remaining subdued, indicating a cooling real estate market in key cities [1][11]. Supply - The total land supply this week was 2.84 million square meters, a 23% decrease from the previous week [2]. - In first-tier cities, only Guangzhou had one residential land parcel available for auction, with a starting price of 800 million yuan and a base floor price of 7,130 yuan per square meter [2]. - Key cities offered 31 residential land parcels this week, with an average plot ratio of 1.83 [2]. Transaction - The total transaction area this week was 3.04 million square meters, down 18% week-on-week, with a total transaction value of 18.5 billion yuan, a 33% decrease [2]. - High-demand land parcels in major cities saw minimal transactions, with an average premium rate of 1.1%, marking a new low for the past six months [2]. Guangzhou Market - Guangzhou had three residential land parcels auctioned this week, with two sold at a premium and one at the base price, totaling 2.9 billion yuan [3]. - Notable transactions included a land parcel in Haizhu District with a premium rate of 7%, sold for 920 million yuan, with an effective floor price of approximately 34,000 yuan per square meter after accounting for additional construction requirements [3]. Baiyun District - A land parcel in Baiyun District attracted competitive bidding, with three developers participating. It was won by China State Construction for 644 million yuan, with a premium rate of 16.24% and a floor price of 6,617 yuan per square meter [4]. - The parcel is designated for urban village redevelopment and includes specific conditions for repurchase and infrastructure development, which may mitigate market risks but impose higher development costs [4].